#Sweden #Acquisition #Stockholm #ASSA ABLOY #Door System

ASSA ABLOY Expands Horizons with Strategic Acquisition

On April 25, 2025, ASSA ABLOY, a global leader in access solutions, announced the acquisition of Door System, a reputable Danish manufacturer known for its high-quality fire-rated doors. Founded in 1998, Door System has established itself as a key player, especially in the pharmaceutical, food, and retail sectors, making this acquisition a strategically significant move for ASSA ABLOY.

Strengthening the Product Portfolio

The acquisition aligns perfectly with ASSA ABLOY's strategic goal of enhancing its product offerings and expanding its market reach. According to Nico Delvaux, President and CEO of ASSA ABLOY, welcoming Door System into the ASSA ABLOY family is a pivotal step towards integrating complementary products and solutions into their core business. This ensures that ASSA ABLOY remains at the forefront of innovation in the access solutions market.

Door System's unique expertise in fire-rated doors is particularly valuable in today’s safety-conscious environment. The integration of Door System will enable ASSA ABLOY to provide exceptional combined solutions in fire-rated, freezer, and hygienic doors across various industries. Neil Vann, Executive Vice President of ASSA ABLOY and Head of the EMEIA Division, expressed his enthusiasm, stating, "Their strong expertise aligns well with our door segment vision."

Economic Impact and Future Outlook

As of 2024, Door System reported sales of approximately MDKK 125, equating to around MSEK 190, alongside a healthy EBIT margin. This acquisition is anticipated to positively impact ASSA ABLOY's earnings per share (EPS) from the outset. The financial growth prospects following this acquisition underline ASSA ABLOY's commitment to enhancing shareholder value.

The main office and factory of Door System are located in Hørning, Denmark, with a dedicated workforce of about 80 employees. The expertise and knowledge of this skilled team are expected to significantly contribute to ASSA ABLOY's growth trajectory in the coming years.

Closing Timeline

The acquisition is currently pending customary regulatory approvals and is anticipated to be finalized in the second quarter of 2025. As the integration process begins, stakeholders will be eagerly watching how Door System’s capabilities will be leveraged to enhance ASSA ABLOY's existing product lineup.

About ASSA ABLOY

ASSA ABLOY stands at the forefront of global access solutions, ensuring safety and security across both physical and digital domains. With a workforce of 63,000 employees and an impressive record of SEK 150 billion in sales, the company is committed to providing innovative and efficient door openings, trusted identities, and entrance automation. This recent acquisition of Door System exemplifies ASSA ABLOY's dedication to remaining a leader in the market and continuing to deliver superior access solutions worldwide.

As the doors open for this new chapter, industry experts anticipate that the merger will not only enhance ASSA ABLOY’s product offerings but also strengthen its position as a market leader in safety and security solutions, ensuring that customers worldwide benefit from cutting-edge innovations.